John Carney actually said...

"Nobody should have access to credit denied or put at a higher price because of their ethnic background."

"We have to get it right not only because we could screw up the housing finance system, but we could screw up the financial system as well."

"If the bill is passed as it is and mortgage rates rise as is? It would hurt home sales, it would hurt housing construction, it would lower house prices."

"It is absolutely critically important that we get it right, that we are careful. Otherwise, as you said, we could ruin the financial system."